Here's what's discussed... • initial Balance • double distribution • open drive • unfinished auctions 2/7

Initial Balance 1st hour of a trading day (00:00 UTC for BTC) is referred to as the initial balance (IB). It plays an important part of understanding different daily distribution types, which is covered in the next pages. For instance the position of an IB within the tpo, when

Double distribution A type of tpo profile distinguishable from it's 2 separate areas of fair value separated by a moment of imbalance. The double distribution highlights price forming a morning range followed by an afternoon imbalance typically during NY session (12:00-20:00

Open drive When price moves aggressively to either the downside or upside, it will usually have an open drive market profile. For these throughout the session, expect a constant imbalance with minor consolidation (sideways) periods. Price will typically not revisit the dOpen

Unfinished Auctions Referring to when TPO extreme highs or lows contain more than one block. This suggests the auction was unfinished as larger players did not enter to swiftly reject price at the highs or lows of the given session. A lack of market maker participant orders

Conclusion Hopefully, you found some insight into how I use and understand tpo market profiles and can find ways to implement them into your own style of trading. If you enjoyed this thread, then a like to show your support is appreciated. Also bookmark to save for a later read

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@Exoticktrades A video on this would be amazing king